Quiz09 - Quiz Chapter 9 1 The Wright Company has a standard costing system The following data are available for September Actual quantity of direct

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Page 1 Quiz – Chapter 9 1. The Wright Company has a standard costing system. The following data are available for September: Actual quantity of direct materials purchased . ....... 25,000 pounds Standard price of direct materials . .......................... $2 per pound Material price variance . .......................................... $2,500 unfavorable The actual price per pound of direct materials purchased in September is: A) $1.85. B) $2.00. C) $2.10. D) $2.15. 2. The Cox Company uses standard costing. The following data are available for April: Actual quantity of direct materials used . .... 12,200 gallons Standard price of direct materials . .............. $4 per gallon Material quantity variance . ......................... $2,000 unfavorable The standard quantity of material allowed for April production is: A) 14,200 gallons. B) 12,700 gallons. C) 11,700 gallons. D) 10,200 gallons. 3. Palo Corp. manufactures one product with a standard direct labor cost of 2 hours at $6.00 per hour. During March, 500 units were produced using 1,050 hours at $6.10 per hour. The unfavorable direct labor efficiency variance is:
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This note was uploaded on 10/02/2008 for the course MGMT 122 taught by Professor Saouma during the Spring '08 term at UCLA.

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Quiz09 - Quiz Chapter 9 1 The Wright Company has a standard costing system The following data are available for September Actual quantity of direct

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